StubHub Shares Plunge 20% After Mixed Second-Quarter Earnings

Shares of StubHub fell 20% in premarket trading on August 13, 2026, following a second-quarter earnings report that raised concerns about future demand. The company reported revenue of $573.1 million, a 33% increase, and adjusted EBITDA of $105.7 million. Despite these figures, earnings per share remained flat and missed analyst estimates.

Management raised full-year 2026 gross merchandise sales guidance to between $10.1 billion and $10.3 billion and reiterated adjusted EBITDA guidance of $400 million to $420 million. However, the stock price dropped after executives admitted during an earnings call that they were uncertain if World Cup activity had temporarily pulled forward discretionary spending on entertainment.

This uncertainty suggests a potentially weaker outlook for the second half of the year. Following the earnings call, an analyst from the Bank of Montreal lowered 2026 revenue estimates for the company.